Suraj Estate Developers Acquires Hally Pacific to Develop Mumbai Prabhadevi Land

Suraj Estate Developers has acquired Hally Pacific Pvt Ltd for over Rs 30.40 crore, making it a wholly owned subsidiary. The acquisition secures a vacant land parcel of nearly one-fifth of an acre on Sayani Road in Mumbai's Prabhadevi. Suraj Estate plans to develop over 36,700 sq ft of saleable area with an estimated Gross Development Value of around Rs 200 crore. The project aims to strengthen the company's presence in South-Central Mumbai's real estate market, noted for strong demand and connectivity.